Candriam S.C.A. Increases Stock Position in Edison International $EIX

Candriam S.C.A. boosted its holdings in shares of Edison International (NYSE:EIX) by 60.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,636 shares of the utilities provider’s stock after purchasing an additional 27,988 shares during the period. Candriam S.C.A.’s holdings in Edison International were worth $5,462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its stake in shares of Edison International by 69.9% during the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after buying an additional 7,521,168 shares during the period. Norges Bank bought a new position in Edison International in the fourth quarter worth about $339,311,000. Goldman Sachs Group Inc. raised its stake in Edison International by 41.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after buying an additional 1,609,847 shares in the last quarter. Swedbank AB lifted its holdings in Edison International by 207.0% in the first quarter. Swedbank AB now owns 2,073,181 shares of the utilities provider’s stock worth $151,715,000 after buying an additional 1,397,858 shares during the period. Finally, SG Americas Securities LLC boosted its position in Edison International by 2,970.8% during the 4th quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock valued at $77,863,000 after acquiring an additional 1,255,034 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

EIX has been the subject of a number of research analyst reports. Morgan Stanley restated an “underweight” rating on shares of Edison International in a research note on Wednesday, June 24th. Bank of America dropped their target price on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company reissued an “underweight” rating and set a $62.00 price objective on shares of Edison International in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.64.

Edison International Stock Performance

EIX stock opened at $75.90 on Tuesday. The stock has a market capitalization of $29.21 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 1.30 and a beta of 0.66. The stock’s 50 day simple moving average is $72.04 and its 200 day simple moving average is $69.31. Edison International has a 12-month low of $50.19 and a 12-month high of $77.02. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.32 by $0.10. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.Edison International’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts forecast that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be issued a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.6%. Edison International’s dividend payout ratio (DPR) is presently 38.11%.

Edison International Company Profile

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.